CHINA--REPUBLIC. Central Bank of China. 5 Dollars, 1923. P-173g. S/M#C305-5e.

CHINA--REPUBLIC. Central Bank of China. 5 Dollars, 1923. P-173g. S/M#C305-5e. PMG About Uncirculated 55. Pakhoi. This branch was formed in June 1927, and the head office in Guangzhou allocated one million yuan to back the branch in issuing its own banknotes. The $1 and $5 are the only issued notes known to date, and this $5 is one of just four graded by PMG to date and is the SINGLE HIGHEST graded example. Very rare. PMG Comments "Paper Pulls." Estimate: $800 - $1,200. Provenance: From the Renaissance Collection of Central Bank of China. 民國十二年中央銀行伍圓。 北海地名。北海分行成立於1927年6月，廣州總行撥款100萬元作為該行發行專用紙鈔之儲備金。迄今為止僅見壹圓及伍圓流通票存世，本伍圓為 PMG 迄今僅評四張之一，且為唯一冠軍分。極罕。PMG備註"紙張揭薄"。

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